The jackpot for the Powerball draw on Mon Sep 16, 2024, is projected to be $165 Million, with an option for a cash payout of $83.8 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
| North Dakota Powerball Jackpot/Cash Option for Mon Sep 16, 2024 |
|---|
| Draw Date | Mon Sep 16, 2024 | | Projected Jackpot | $165,000,000 | | Cash Value | $83,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $83,800,000 | | Federal Tax(24%) | $20,112,000 | | Additional Federal Tax | $10,854,330 | | State Tax(2.9%) | $2,430,200 | | Net Lumpsum Payment | $50,403,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,483,415 |
$879,194
$72,019 |
$1,532,202 |
| 2 |
$2,607,660 |
$925,165
$75,622 |
$1,606,873 |
| 3 |
$2,738,010 |
$973,394
$79,402 |
$1,685,214 |
| 4 |
$2,874,960 |
$1,024,066
$83,374 |
$1,767,520 |
| 5 |
$3,018,675 |
$1,077,240
$87,542 |
$1,853,893 |
| 6 |
$3,169,650 |
$1,133,101
$91,920 |
$1,944,629 |
| 7 |
$3,328,050 |
$1,191,709
$96,513 |
$2,039,828 |
| 8 |
$3,494,535 |
$1,253,308
$101,342 |
$2,139,885 |
| 9 |
$3,669,270 |
$1,317,960
$106,409 |
$2,244,901 |
| 10 |
$3,852,750 |
$1,385,848
$111,730 |
$2,355,172 |
| 11 |
$4,045,305 |
$1,457,093
$117,314 |
$2,470,898 |
| 12 |
$4,247,595 |
$1,531,941
$123,180 |
$2,592,474 |
| 13 |
$4,459,950 |
$1,610,512
$129,339 |
$2,720,099 |
| 14 |
$4,683,030 |
$1,693,051
$135,808 |
$2,854,171 |
| 15 |
$4,917,165 |
$1,779,681
$142,598 |
$2,994,886 |
| 16 |
$5,163,015 |
$1,870,646
$149,727 |
$3,142,642 |
| 17 |
$5,421,075 |
$1,966,128
$157,211 |
$3,297,736 |
| 18 |
$5,692,170 |
$2,066,433
$165,073 |
$3,460,664 |
| 19 |
$5,976,795 |
$2,171,745
$173,327 |
$3,631,723 |
| 20 |
$6,275,610 |
$2,282,306
$181,993 |
$3,811,311 |
| 21 |
$6,589,440 |
$2,398,423
$191,094 |
$3,999,923 |
| 22 |
$6,918,945 |
$2,520,340
$200,649 |
$4,197,956 |
| 23 |
$7,264,785 |
$2,648,301
$210,679 |
$4,405,805 |
| 24 |
$7,628,115 |
$2,782,733
$221,215 |
$4,624,167 |
| 25 |
$8,009,430 |
$2,923,819
$232,273 |
$4,853,338 |
| 26 |
$8,410,050 |
$3,072,049
$243,891 |
$5,094,110 |
| 27 |
$8,830,470 |
$3,227,604
$256,084 |
$5,346,782 |
| 28 |
$9,272,010 |
$3,390,974
$268,888 |
$5,612,148 |
| 29 |
$9,735,660 |
$3,562,525
$282,334 |
$5,890,801 |
| 30 |
$10,222,410 |
$3,742,622
$296,450 |
$6,183,338 |
|
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